Search results
Results from the WOW.Com Content Network
The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before ...
A 3.6% surge in portfolio management fees accounted for more than a third of the rise in services costs. That reflected record stock market prices. Airline fares jumped 3.2% after rising 1.1% in ...
Inflation continues to slow from a one-time high of more than 9%, but a lot of consumers are still finding prices are stubbornly high because many of the companies we buy from like it that way.
The inflation rate is the percentage change of a price index over time. The Retail Prices Index is also a measure of inflation that is commonly used in the United Kingdom. It is broader than the CPI and contains a larger basket of goods and services. Inflation is politically driven, and policy can directly influence the trend of inflation.
Annual inflation increased to 8.3% in August 2022, in part due to rising grocery prices. [154] In September, the Fed increased the interest for a fifth time in the year reaching a 14-year high. [155] In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156]
Cost-push inflation can also result from a rise in expected inflation, which in turn the workers will demand higher wages, thus causing inflation. [2] One example of cost-push inflation is the oil crisis of the 1970s, which some economists see as a major cause of the inflation experienced in the Western world in that decade.
The fast casual Mexican chain said it has raised its menu prices by 2% as it deals with the impact of inflation. “For the first time in over a year, we have taken a modest price increase of ...
Since 2000 the Chained CPI has on average measured inflation between 0.25 and 0.3 percentage points lower than CPI-U and CPI-W. Opponents of the change note that while the difference is small, it compounds over time, making the reduction in outlays for COLAs for Social Security larger when looked at over a long time horizon. [6]